Neutrino Dollar Market Cap
24h Trade Volume
All-Time-High (ATH) Price
Neutrino Dollar price Index provides the latest USDN price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
The Neutrino Dollar to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.
Neutrino Dollar's current price is $ 0.989, it has increased +0% over the past 24 hours.
Neutrino Dollar's All Time High (ATH) of $ 1.63 was reached on 25 Feb 2021, and is currently -39.5% down.
The current circulating supply of Neutrino Dollar is 694.74 Million tokens, and the maximum supply of Neutrino Dollar is 694.74 Million.
Neutrino Dollar’s 24 hour trading volume is $ 288.74 Thousands.
Neutrino Dollar's current share of the entire cryptocurrency market is 0.06%, with a market capitalization of $ 687.13 Million.
The Neutrino Protocol functions as an algorithmic price-stable protocol that is built on the Waves blockchain. It facilitates the creation of stablecoins pegged to real-world assets, for example, national currencies, gold, or other commodities.
USDN is the protocol’s native token. It is an algorithmic stablecoin that is pegged 1:1 to the US dollar. USDN is collateralized by the WAVES token and is the first synthetic asset to be issued by the Neutrino Protocol. In a similar way to other stablecoins, USDN allows its users to exchange and trade more stably on various exchanges and dApps. This is much less volatile than trading with a crypto asset.
In addition to the Waves blockchain, Ethereum and Binance Smart Chain are also compatible with USDN and NSBT tokens.
Since the Neutrino Protocol is deployed on the Waves blockchain, the WAVES token is a core component of the platform as well as Neutrino’s own USDN. WAVES is used for paying transaction fees, and also serves as collateral for USDN. USDN serves as collateral for other Neutrino assets and functions as the main Neutrino stablecoin
NSBT is the final core token on the platform. It is used for Neutrino governance and ensures the stability of USDN collateral reserves.
USDN can be created by locking WAVES in the Neutrino Protocol contracts. The opposite can also be achieved, i.e. exchanging USDN for WAVES, by destroying an equivalent amount of USDN to be given WAVES in exchange. The smart contracts on the protocol are written in the Ride programming language
USDN’s 1:1 peg to the US Dollar is maintained with the help of arbitration bots, this is because USDN is backed by WAVES.
The stable assets created on the Neutrino Protocol serve as equivalents to real-world assets. An example is the EURN token. EURN is pegged 1:1 to the value of the Euro.
The protocol is made up of 5 different entities that are linked together via smart contracts:
Also worth noting, Neutrino has a Decentralized Forex, or DeFo, built on top of it. This allows swaps to take place instantly between stable assets that are linked to real-world assets, such as popular national currencies. DeFo swaps are facilitated by smart contracts, thus ensuring reliable, transparent and almost unlimited liquidity at set rate.
USDN is available to buy on the CEXs and DEXs as listed on the market tab here. Some of the most popular exchanges include Kucoin, MEXC Global, and Uniswap.
The price of USDN will depend on the exchange listing, as well as market interest.
For full and up-to-date information about USDN price, including historical price charts, please view the price data on this page.